5 ms·
Same applies to Uber. Thank all the investors for subsidizing our rides.
by perseusprime11 7y ago
Same applies to Uber. Thank all the investors for subsidizing our rides.
- benburleson 7y agoWait, if my rides are subsidized, why am I still paying so much??
- rainyMammoth 7y agoDid you try paying a taxi? Well that's the "real" cost.
- mav3rick 7y agoNo taxis charged you as a monopoly. Uber charges you on many many more drivers + VC money
- rainyMammoth 7y agoThey weren't a monopoly. They created artificial barrier to entry (through the medallion system) but the taxi business is super low margin. For a single city you have multiple taxi companies fighting for business. The prices came to an equilibrium close to what it costs to provide a ride. There is a reason why Uber is losing so much money and why Drivers are barely able to make a living.
- stjohnswarts 7y ago"Drivers are barely able to make a living". In my unscientific polling of uber drivers the majority are either doing it to pick up some extra money or in between "real" jobs. Few plan on doing it for a living.
- traviscj 7y agoI feel like I've noticed a shift in apparent motivation between 2014 and now. I remember a lot of people talking about doing it as a side gig or whatever in the past, but now I hear a lot about drivers working 8+hr shifts, sleeping in their cars between shifts, commuting from 1-3hr away to drive in SF, etc.
- aglionby 7y agoI recently paid under £10 for an 8 mile 55 minute pool across London. There's no way that's sustainable, but whoever's subsidising them makes my life much easier.